HICKS, Circuit Judge.
The Van Arman Cereal Company, herein called Van Arman, a Michigan corporation, prior to bankruptcy was engaged in processing corn grits into beer flakes used in brewing. On August 11, 1937, an involuntary petition in bankruptcy was filed against it; adjudication followed on August 23, and appellant was appointed trustee.
Appellant sought by bill in equity to set aside as preferences certain assignments of accounts receivable made by Van...
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